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Car Rental in the United Arab Emirates

Oct 2014|Pages: 13

Price: US$900

About this Report

Executive Summary

TRENDS

After a number of years of aggressive discounting and promotions within car rental; as well as a rise in the number of consolidations amongst companies operating in the category, in order to stimulate the economy following the economic downturn of 2009, the growth rate in car rental has begun to stabilise, increasing steadily over the last couple of years of the review period.

PROSPECTS

Car rental is expected to see a value CAGR of 10% at constant 2014 prices, over the forecast period. Non-airport leisure car rental is set to lead to all the categories within car rental over the forecast period, with a predicted value CAGR of 14% at constant 2014 prices. This forecast growth rate directly reflects the expected growth in importance of tourism as a contributor to the economic bottom line of the UAE in the coming years as the balance of visitors to the country will be increasingly made up of holidaymakers relative to business visitors.